When it comes to natural disasters, storms producing wind and hail might not always grab the headlines like hurricanes or earthquakes, but they cause a surprising amount of damage and can lead to a significant number of insurance claims. In fact, wind and hail damage are consistently at the top of the list of the most common and costly insurance claims in the United States.
According to the Insurance Information Institute (III), about one in 35 insured homes has a property damage claim related to wind or hail each year. In 2021, wind and hail accounted for nearly 40% of all homeowner's insurance claims, with an average payout of $12,913 per claim. According to FEMA’s National Risk Index, the expected annual loss from hail in the U.S. includes substantial damage to buildings and agriculture. This high volume of claims not only affects individual policyholders but also influences the overall cost of insurance premiums.
Several factors contribute to the prevalence of wind and hail damage claims:
"It’s important to keep in mind that hail can shatter glass, including windows," says Holly Lancaster. "Close all window coverings to protect yourself from broken glass and flying debris. After a hailstorm, check your roof and yard for missing shingles that may have been dislodged during the storm. It’s also a good idea to check around your gutters for shingle granules which may be another sign of hail damage, resulting in premature aging of the roof."
While it’s impossible to prevent storms, there are steps homeowners can take to mitigate the risks and reduce potential damage:
Wind and hail damage may not always make the news, but their impact on homeowners and insurance companies is undeniable. By understanding the risks and taking proactive measures, homeowners can better protect their properties and navigate the aftermath of these common yet significant weather events.
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